Top News:
Bloomberg:
Reddit closes up 48%, at $50.44 per share, in its New York Stock Exchange debut, valuing the company at about $9.5B on a fully diluted basis — - Social media company, holders raised $748 Million in IPO … The San Francisco-based company's stock closed at $50.44 each on Thursday in New York …
Discussion:
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New York Times:
A survey finds US states have distributed over $25B to film incentive programs since 2002, but independent experts find the programs are break-even at best — Dozens of states have lured film and TV production with financial incentives. Years after gutting its program during a budget crisis, Michigan wants to rejoin the arms race.
Discussion:
Variety, Simon Pulman on LinkedIn, Axel W. Caballero on LinkedIn, @fgiroldini, @mariadoulis, @joegalarn, @chriskuo17 and @tonyromm
Aftermath:
Kotaku EIC Jen Glennon, who joined in October 2023, resigns, citing in a letter the management team's recent decision to deprioritize news in favor of guides — Jen Glennon, who took over as editor in chief of Kotaku in October, resigned Thursday. In a resignation letter seen by Aftermath …
Discussion:
@damagecontrolblog …, @davidgross_man, @jeremypgordon, @leadergrev, @zwiezenz, The Daily Beast, @joeljohnson, @alyssa_merc, @momozuch, @robaeprice@threads.net, @iamasarch, @jasonkoebler@mastodon.social, @jeremysmiles, @mhoye@mastodon.social, @transgamerthink, @xoxogossipgita, @benjamin_goggin_@threads.net, @tamoorh, @carolynmichelle, @shepardcdr, @hellojenglen and @lainnafader
Jon Lafayette / Next TV:
The FCC fines Nexstar and Mission Broadcasting $1.8M+, alleging violation of US ownership rules in operating New York TV station WPIX; Nexstar plans to appeal — Regulator rules that Nexstar committed ‘willful and repeated’ violations of ownership rules, also fines Mission Broadcasting $612,395
Discussion:
The Desk, Radio & Television …, Deadline, FCC and Nexstar Media Group, Inc.
Neel Dhanesha / Nieman Lab:
Julia Angwin says Proof News aims to use “the scientific method” for investigative journalism, and expand beyond tech to cover corporate accountability, more — The cofounder of The Markup wants to expand beyond tech with her new publication. — At the end of February …
Discussion:
@sarahscire and @juliaangwin
Karissa Bell / Engadget:
The Mozilla Foundation and 90+ research and advocacy groups urge Meta to support CrowdTangle through January 2025 to track election misinformation globally — The letter, also signed by CrowdTangle's former CEO, claims shutting it down is a “direct threat” to researchers' work
Discussion:
@mozilla, @brandonsilverm, Mozilla Foundation and @andymstone, more at Techmeme »
Ashley Carman / Bloomberg:
Spotify's TikTok-like redesign reveals the follower numbers for top podcasters: The Joe Rogan Experience has 14.5M, followed by TED Talks Daily with 5M — A new TikTok-like redesign from the streaming giant unveils actual audience data for top podcasters — Welcome back to Soundbite.
Brian Steinberg / Variety:
How companies like iSpot and VideoAmp are trying to challenge Nielsen's ratings dominance, as the industry grapples with changing audience measurement protocols — The day after the Super Bowl typically brings with it another kind of celebration: Nielsen's annual announcement of the size of the audience for the NFL extravaganza.
Discussion:
Ad Age
Molly Bohannon / Forbes:
A super PAC backing Ted Cruz got ~$215K from iHeartMedia, earned from selling ads for Cruz's podcast; Cruz had likened his show to cable news appearances — A super PAC affiliated with Sen. Ted Cruz reported receiving $215,000 in “digital revenue” from iHeartMedia on Wednesday …
Discussion:
Zach Everson on LinkedIn
Brian Steinberg / Variety:
How advertisers are trying to tie their ads to business outcomes, like a purchase, instead of ratings: in November, Fox guaranteed Netflix social media activity — Nearly every commercial that runs on TV is backed by a guarantee of how big an audience will watch it.
Discussion:
Brian Steinberg on LinkedIn
Adam Chitwood / The Wrap:
WBD plans to launch Max in Europe starting on May 21 in the Nordics, Iberia, and Central and Eastern Europe, in time for the Olympics, included in all plans — The rollout is also timed to the second season of “House of the Dragon” — Max will begin its launch in Europe on May 21 …
Discussion:
Engadget, The Desk, Financial Times, Variety, Deadline, The Streamable, Media Play News, Advanced Television, Next TV, Screen and Reuters, more at Techmeme »
Ben Schoon / 9to5Google:
YouTube TV gets multiview support on iOS and iPadOS, letting users watch up to four TV channels at once; Android support is set to arrive “in the coming months” — Google has confirmed that YouTube TV is now rolling out support for Multiview on the iPhone and iPad, but the feature won't arrive on Android for a while.
Discussion:
The Streamable, ZDNet, Tom's Guide, GSMArena.com, SamMobile, Tubefilter, iClarified and The Verge, more at Techmeme »
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